Tyson Foods (TSN) Gives Back Some Gains; Barclays Still Expects Strong Performance in 2H '12

Last Friday, (Feb 3), before the open, Tyson Foods (NYSE: TSN) reported Q1 EPS of $0.42, $0.08 better than estimates. Revenues were $8.33 billion vs the $8.3 billion consensus estimate. Shares gained over 4% in Friday's session, but today, the stock is giving back roughly 1.2%

Barclays issued comments and maintained its 'Overweight' rating on Tyson. Price target is $24.

Analyst, Farooq Hamed, said, "TSN reported fQ1/12 earnings of $0.42/sh versus our expectation of $0.36/sh and consensus of $0.34/sh. The main difference from our expectation was due to better operating margins in the pork and prepared foods divisions."

On Outlook, Hamed, said, "...Looking forward we expect differing performances out of TSN's operating divisions through f2012...We believe TSN's overall margins will be stronger in H2 than in H1 setting up strong earnings growth in f2013."

For an analyst ratings summary and ratings history on Tyson click here. For more ratings news on Tyson click here.

Shares of Tyson closed at $19.38 yesterday.

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